CL Redux

<< comments ...

it seem today price pull up is based on
- being friday (nobody wanted to be on short by close )
- positive 2 news items ( below )
- low volume day helped pull prices all the way to 110 , on positive news in low vol. days it is easy to pull up prices that to friday ..
>>


4/15 OIL
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Crude Oil Rises After U.S. Consumer Sentiment, Industrial Output Increase

http://www.bloomberg.com/news/2011-...fter-u-s-industrial-production-increases.html

Oil rose for a third day in New York as
- better-than-forecast U.S. consumer confidence and
- industrial data bolstered optimism in the economy of the world’s biggest crude-consuming country.

Futures increased 1.4 percent after the Thomson Reuters/University of Michigan April preliminary index of consumer sentiment advanced to 69.6 from 67.5 the prior month.

The Federal Reserve said U.S. production at factories rose 0.8 percent in March, the fifth straight gain.

“Today’s numbers show that the U.S. economy is rebounding strongly,” said Jason Schenker, president of Prestige Economics, an energy advisory firm in Austin, Texas. “The global economic recovery is still on track despite high oil prices.”

demand growth
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<b>“The IEA, EIA and OPEC have all known about high prices and yet they didn’t make substantial changes to their oil-demand outlooks,” Sieminski said. “It doesn’t look like higher prices are having a major impact.”</b>


Middle east
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Elections in Nigeria this month may lead to decreased output from Africa’s top crude-producing country. Attacks by armed groups in the Niger delta region, home to Nigeria’s oil and gas industry, cut more than 28 percent of the country’s oil output between 2006 and 2009, according to data compiled by Bloomberg News.

“The situation in Nigeria could get a lot worse after the elections,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “There could be an upsurge in rebel attacks against the oil industry.”

<b>“Brent should trade between $120 and $125 until the geopolitical situation gets better, and that could be a long time,” </b>said Adam Sieminski, chief energy economist at Deutsche Bank AG in Washington.
 
I did not book mark that PDF/zip file post , guys remind me that post , seems I need to spend some time on it . :p

Quote from InvestVision:

Thanks NOD for details

this one of clean setup that SHOULD to be added to your ZIP/PDF file that was composed by one of your FAN.

Can you point me to that post where we had that PDF/zip file ...
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Quote from Visaria:

Sorry to hear. I recall Battipaglia's musings on the stock market for perhaps 10 years. Perma bull, always said buy stocks whenever he was on air.

RIP.
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I remember him too, mainly from the 90's. Whenever the market would go into a tailspin he would just tell everyone to chill. He was like a reassuring father figure. And like you say he was a permabull.
 
Is the same true this year into Easter? I vote yes.


startraitor


Registered: Jan 2008
Posts: 2858


03-29-10 09:25 AM

Seasonal pull is up into a driving holiday weekend.
 
Quote from InvestVision:

News Wire prices

Hi guys ,

I am thinking about real time news wire service for CRUDE OIL , what are the different ones along with prices and your experiences GOOD/BAD . I am not able to find on web.

if you are using different real time news wires , and you think it is covering enough for CRUDE OIL markets , mention it please .

some of you are using Dow jones news wire (based on posts ) , let me know the costs . I could not find on the web site, seems pricey .

if not to this post , you can send me Private Message PMs.

I used Esignal Future station long time ago , some thing like $150/month . news quality seems OK
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You can get dow jones news from here, it is pricey ~$100/m many years ago I just guessed a username and password which was nasdaq, nasdaq, but thats not working anymore lol

http://www.dowjonesnews.com/newdjn/logon.aspx?AL=N


I now get the dow jones news from my Ameritrade Apex account. Although I only have $50 in that account they still class me as a Apex customer which gives me many services free including free news, which would otherwise be $25 month.

To be an Ameritrade Apex customer you need to have $100k account or just 5 trades a month over a 3 month period, but as I said above, it seems once you qualify you're always an Apex client.


However Dow jones news is more general news, do the free trial on the link above.
 
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